The Irish leader said: “I believe that in 2012 we saw the passing of possibly the worst of the economic crisis - the fear that the euro itself might not survive was confronted and dispelled emphatically and we now move onto the challenges of the recovery of Europe.”

The Irish PM also told the small number of MEPs present that Ireland is determined to exit the bailout by the end of the year.

He added: “The Irish Government wants agreement on the EU budget before its six-month presidency ends.”

Referring to the recent flag protests and riots in Belfast, Kenny re-affirmed his government’s commitment to the peace process.